April 13, 2023

Teck rejects Glencore’s sweetened bid, pushes for own restructuring

Glencore has offered Teck's shareholders 24% of the combined metals group and up to $8.2 billion in cash for those who may not want exposure to thermal coal.

April 12, 2023

Teck shareholders call for Glencore to boost takeover bid

Glencore Chief Executive Gary Nagle is flying to Toronto to meet with some Teck shareholders on Thursday to personally lobby them to support the deal.

April 12, 2023

Glencore tweaked $23 billion Teck bid after investors balked at coal

Glencore presented a revised plan, giving Teck shareholders the option to receive up to $8.2 billion in cash instead of shares in the spun off coal company.

April 11, 2023

Coal supplying less US power than gas, renewables and nuclear

Coal use in the US power market is set to decline for a second year in succession.

April 11, 2023

Newmont, Glencore bids crack into metal industry’s top takeovers

Both deals — if completed — would rank among the top 10 biggest takeovers of metals producers.

April 11, 2023

CHARTS: Mining’s top 50 companies top $1.4 trillion value amid M&A fever 

World’s top 50 mining companies build on gains in the first quarter of 2023, but remain well below valuations this time last year as M&A fever grips the sector.

April 11, 2023

Glencore sweetens offer for Teck with $8.2bn cash incentive

Revised bid gives Teck’s shareholders the option to receive cash plus 24% of the metals unit, instead of exposure to coal and oil.

April 11, 2023

G-7 nations tussle over bid to phase out coal power by 2030

The EU, the US and Japan have expressed reservations about a UK proposal to phase out out domestic coal power generation by 2030.

April 11, 2023

One of Teck Resources’ top investors backs separation plan

Egerton Capital UK said it will support proposal to separate Teck's base metals and a coal businesses in upcoming shareholders vote.

April 10, 2023

Teck Resources calls Glencore bid a “non-starter”

Chief executive Jonathan Price warns that Glencore's proposed takeover would destroy value for the company’s shareholders.